Aviv Arlon has announced several purchases of shopping centers in the US in recent months, including in Seattle and in Indianapolis.
Aviv Arlon Global Ltd. (TASE: AVLN) yesterday completed the purchase of a 170,000-square foot Chicago shopping center for $17.5 million. The purchase was made through BAI Century LLC, its joint venture in equal shares with Bon Investments Inc., through which they own other properties in the US.
The Chicago shopping center has four anchor tenants, which occupy 62% of the space, and pay $1.4 million in annual rent altogether.
Aviv Arlon has announced several purchases of shopping centers in the US in recent months, including in Seattle and in Indianapolis.
Aviv Arlon's share was unchanged in morning trading today at NIS 0.45, giving a market cap of NIS 151 million.
Published by Globes [online], Israel business news - www.globes-online.com - on December 27, 2010
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